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Industry News

10 Mar 2021

Afrocentric Group to distribute over 150,000 COVID-19 vaccinations daily

The Afrocentric Group has announced that it will be harnessing its buying power to help cover the costs of COVID-19 vaccines for members of its subsidiary companies.

09 Mar 2021

GDP: SA must capitalize on economic 'rebound'

"The widely-expected official confirmation from StatsSA that the SA economy experienced a -7% GDP growth rate in 2020 aligns with most other recent authoritative assessments of the economic damage the country suffered last year from the drastic pandemic lockdown," says NWU Business School economist Prof Raymond Parsons.
09 Mar 2021

Prudential Investment Managers (SA) strengthens ties with global parent

"We are very pleased to announce that we will soon be further strengthening our ties with our global parent and founding shareholder, M&G Investments (M&G), taking advantage of new opportunities that have arisen from the de-merger of M&G plc from Prudential plc in October 2019."
09 Mar 2021

Risks in retirement are increasing

An increasing risk in retirement is that you will outlive your savings. More retirees feel less confident now that their savings will last, highlighted by a 10% year-on-year drop in confidence reported by retirees in Just SA’s latest Retirement Insights study.

09 Mar 2021

New CEO to breathe life into financial sector transformation

Breathing new life into the Financial Sector Transformation Council (FSTC*) is a top priority for Pumla Ncapayi, who was recently appointed as CEO of the body tasked with overseeing transformation in the financial sector.
09 Mar 2021

The fastest growth in decades: Investors top-up portfolios – but in what stock?

The time is now for investors to top up their portfolios – in both value and growth stocks – ahead of a stronger than expected global economic rebound. The bold ‘call to action’ from Nigel Green, chief executive and founder of deVere Group, comes as U.S. stock futures for Tuesday are pointing higher.
09 Mar 2021

SA's economy and commodity prices

How excited should we be about the year-long rally in commodity prices? Since South Africa’s economy and financial markets are heavily impacted by commodity price moves, the answer is particularly important for local investors.
09 Mar 2021

BlackRock: Leaning further into cyclicality

The UK has led the developed world in the pace of its vaccine rollout, with the euro area set to catch up after a slower start. Vaccine rollouts and fiscal spending are paving the way for an accelerated global restart, reflected in a recent rise in real rates.

08 Mar 2021

Infrastructure investment, the economy, investment returns and Regulation 28

Isaah Mhlanga, Chief Economist at Alexander Forbes, explains that the 2021 Budget Review is positive overall for three reasons:
08 Mar 2021

Understanding group insurance benefits

Have you ever underestimated someone simply because you didn’t really know them? This is also true when it comes to financial benefits, particularly those we access through our employer, like group insurance.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za